earnings that really disappointed. e bay and bank of america, today they're getting hit hard. >> reporter: down, and down. that's what you need to know. david: nicole, thank you very much. liz: the bells are ringing on wall street, and off the lows of the session but just one point for the s&p above 1540. watch that level, folks. really interested to see how the s&p futures are going to close today in about 15 minutes. but as you see the nasdaq, i've got some stats here, david, as it louises quite a bit here. the nasdaq is on track for its worst week since may of 2012. david: and of all day, when we're reporting google, microsoft, ibm. some big earners moving today, though, morgan stanley falling 4% as the bank posted a 14% drop in earnings. bond and commodity trading business faltered. the company saying it was bogged down by heavy accounting charges. and pepsico popping in the other direction. they are going up, ending the

session significantly higher. company's revenues rose more than expected as strong sales of snacks in emerging markets overcame the weaker beverage sales here at home. liz: and action in the commodities pits. natural gas ended with a more than 4% gain on the back of a smaller than expected climb in last week's inventories. so at these prices, $4.40, that's a 312-month -- 21-month high. crude rising as the dollar weakened today, added about $1.05 settling at $87.73 a barrel. "after the bell" starts right now. ♪ ♪ david: well, let's get right to today's market action. mark, premier financial adviser's senior well strategist, has top places for you to make money. craig hodges says investors should use market weakness to buy great companies on sale.

but let's start with tim mull hold land in -- mulholland in the pits of the cme. you say the s&p feels like it's down 10%. what do you mean by that? >> yeah, i mean, we've had, you know, several days in a row 1 president moves -- 1% moves. the market is only 3% off its high, but just given the price action, you know, this little bear action we're seeing, it feels like it's down a lot more. and let's face it, the market looks like it's off to its typical spring break that we've seen the past three years. the april to july or april to september period hasn't really been friendly to the equity markets, but, you know, maybe this year's different. liz: well, yeah, that is a possibility. but janet engel of rbc was just on, she does wealth management. she was saying, well, there's that concern and that fear about growth slowing down. i'm thinking we've had that since 2007, late 2007/2008. and so nonetheless, this market has in the past continued to

climb the wall of worry, so to speak. do you think that continues at least through may? >> well, i think the thing the market has going for it, the last several years we're always looking at the end of quantitative easing or some stimulus, and that kind of lifted the market up. but the thing that's disconcerting right now to the market is not only are we seeing weak economic data, but you're seeing like 80-some companies that have reported, you know, although 70 percent have beaten earnings, a third of them have beaten revenues. so i think that's real important, looking at the forward guidance. but the market still does have the fed at their back which i think seemed not sure the past several years. david: craig hodges, you see this as a buying opportunity. doesn't the weakness in the economy spook you a little bit? >> you know, there's always those kinds of concerns out there, but let's think back at the whole first quarter. we've been looking for a selloff, and all the pros have been saying a selloff's coming,

a selloff's coming. one never came. so monday was different. you could tell the trading monday, it broke through levels it hadn't, you know, previously broke through. this was real selling. and so this is the first opportunity, i believe, to kind of start looking for stocks on sale. i'm not saying jump in, you know, both feet, but, you know, we've been looking for stocks that are on sale, and you're finally getting them this week. and so we'll be using the continued weakness that i think will continue for a few more weeks to be buying stocks. liz: okay. microsoft numbers are out, and as we put up the stock reaction and, again, right now the stock is moving higher in the aftermarket session. we're waiting on the actual details of this, but as you can see, slightly higher in the aftermarket at the appointment as we pick apart the numbers, mac. your thought on -- mark. your thought on where names like this can really go in the coming months. >> i really believe that microsoft has a very good opportunity in front of it.

i think the company is extremely well run, and i really believe that with good numbers and good revenue, good revenues and good earnings per share, a solid, solid company to have in your portfolio. i believe in the technology sector in general. david: okay. dennis kneale had some specific numbers on microsoft. go ahead, dennis. >> hey, david. it could end up being a big miss. microsoft coming in at 65 cents per share, that's an adjusted number. that is compared with wall street estimates of 68 cents, so you're talking a three penny drop, almost a 5% shortfall. revenue also coming in lower, and wall street hates it when revenue on the top line misses, it's at 18.83 billion dollars for microsoft, that's an adjusted figure. and wall street wanted $20.5 billion. remember, windows 8 came out and corporate customers not instantly doing the upgraild, and that has led all tech to head downward.

worry about the tablet replacing the laptop. when pc shipments adopt, microsoft sales are drop because it runs the inside of those machines. the company also said something about the windows business. i'm looking for that now because that is the bulk of the company, and i can't find it -- david: keep looking for it, dennis. we're going to go back to one of our analysts. dennis kneale's going to be looking through the numbers, but the key, tim mulholland, with ibm is it really is one of the bellwethers for pcs. we've seen a 14% drop in the sales recently. what do you think of these numbers coming out of microsoft? >> well, i saw the earnings epfs at 72 cents. i think the revenue was a little light. they've obviously fumbled in the mobile sector, in the pc sector -- david: well, it's not them, it's the pc market itself is fumbling. 14% drop in global pc shipments during the first quarter. that's the real problem, right?

>> but they still do excite the market, i think, a little bit. again, some of that's not their fault. but i think the thing we overlook is tear enterprise business that they have, and i think that's very solid, and i think that keeps a floor on the stock and given the dividend they pay, the cash they have, it makes them more like a utility until they can reinvent themselves especially in the mobile market. otherwise i think their enterprise business keeps a real floor on it. liz: tim, you know what? they're saying that the q3 windows division -- that would include windows 8 -- posted revenue of $5.7 billion, that's a 23% increase from the prior year, so i'm thinking maybe that's why the stock is at least marginally moving higher in the aftermarket session because people were saying, oh, windows 8 might be a disappointment. 23% gain's pretty significant, david. david: it sure is. liz: you look at it like that. tim? is. >> yeah. i think, you know, again, that's a whole windows 8, the year

before they didn't have that, you know? so, but, yes, i think you -- liz: hold on one second, we've got ibm numbers. dennis kneale has them. >> a second tech disappointment, and you've got to wonder what's going to happen to the nasdaq tomorrow or after hours. $3 a share in earnings but that is a nickel below the $3.05 that wall street was expecting and wanting. revenue also missing for ibm, $23.4 billion is the number, wall street wanted $24.62 billion. and some analysts out there had a 3% pop bringing it to 25.42. so that's kind of a tend number. ibm has increased the dividend 17 years in a row. i want to see if they do something on the dividend today to make up for the shortfall. you can see already after hours, david, they're trading almost maybe below 200 instead of 207. david: right. we should emphasize, by the way, the previous three quarters have shown declines as well, 3%, 5% and 1%, and that 3% -- >> in revenue.

david: right, exactly. that 3% pop, that was absolutely at the top end. the street was seeing a .1% pop, deb in addition. >> yeah. david: so the expectations were not that high, but as you see, the market is trading down after hours. tim mulholland, what do you make of these numbers? >> well, it's a bad miss. you know, i think the market was going to give a pass, but that big miss is something. again, ibm's been hurt by the foreign exchange and also really they've been hammered pretty hard from the weakness in europe as well. so i think we've got to really listen -- yes, it's bad, but we've got to see the forward guidance that the company gives. but that was a pretty big miss, so i think that's what's reflected in after hours here. liz: okay. can we flip back to microsoft in the aftermarket? we do have news that their chief financial officer, peter klein, who's been in the role for about four years is stepping down. peter klein is stepping down. he will leave the company at the end of the current fiscal year after nearly four years in that role, but 11 years at the

company. mark, when you see a management change like that, it does make you wonder what about the stability of the company. that's a big role there. >> well, you're right in some way, and i can't comment about the peter klein situation, but clearly the company and top management sees a need for a change at this time, and it's probably something that's been planned, and it probably is the most appropriate time -- david: mark, forgive me, these things are popping fast and furious here. google numbers are out, and the after market likes it. gld, dennis. >> a nice beat on earnings per share, $11.58 per share, wall street was looking at $10.66, so that's a nice surprise after disappointments with the previous two guys. but revenue, again, in a tiny miss. wall street wanted $14.09 billion, revenue coming in below $14 at $13.97, but the stock is up anyway, and that's got to be because of some of the details people are already seeing regarding some of their ad sales and price per click and they've

been able to stop the decline. one loss point, motorola mobility, the mobile phone maker google bought, it had $189 million loss in the quarter after losing a billion since google closed that deal in may. david: all right. ad sale, you know, the interesting thing about ad sale, they are up even though revenue per click is down. tim mull hold land, the fact is every time people move into mobility, move into the mobile devices as opposed to pcs, that means that they get paid less per click. but the overall ad sales, tim, are doing pretty good. >> yeah. you get more clicks, i think, on the mobile than you would on the pc, so there's the trade-off there. you know, again, i think with google, you know, it is the one company i would have to say that has virtually no competition with what they do. so i think that's very important. the revenue miss was a little bit disappointing, but i think the real key to watch is their margin. i think 45% was the bellwether that i saw analysts, you know,

above 45% good, below 45% a little bit concerning, so that's something i'm very interested to see. liz: well, look, let's just get this number out there. in essence, they're saying the average cost per click decreased about 4%, dennis mentioned that, over q1 of 2012 and decreased about 20% over q4. when you see that number go down, it's certainly disconcerting. you know, i'd like to bring in craig here. when you look at these names, they do a lot of business with small caps, so when you see an ibm, for example, that is struggling, apparently, because they missed both on the top and bottom line, what does that tell you? >> it tells me, um, it's the perfect example. the three that have reported, the two that have missed are more tied to the pc, and i would kind of say that the first two are old tech, and google's new tech. and you kind of need to be, i think, moving into the areas

with better growth. not that ibm and microsoft aren't great companies, and they're going to continue, you know, to pay a dividend, but i don't think you're ever going to see any real growth there. now, google and the qualcomms of the world, i think that's where investors need to be focusing, areas that can really increase demand and revenues and also get a lot of synergies on the bottom line. so i would be looking at the newer tech areas than the old tech. david: guys, we've got to take a break. thank you so much. we have to take a breath here. there's so much information pouring out. we have a google analyst coming in who's going to look more into exactly what happened with these numbers and whether that bodes well for the stock tomorrow. mark, craig hodges, thank you so much. tim mull hold land, we're going to check in with you in a couple minutes when the s&p 2350u67s close. liz: up next, google and microsoft reported numbers, a top analyst tells you how to play the results. that's next. david: also, speaking of google, we want to hear from you. google is starting to shift

their new google glasses this week -- i'm sure you've seen them, they're over a thousand bucks -- would you fork over $1500 for a pair of these things? log on to facebook.com -- i can tell that liz probably would not. liz: uh, no. david: foxnews.com/after the bell, we'll read some of your answers after this break. liz: fox business. ♪ ♪ [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ]

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liz: well, this is a bit of a stunne. moments ago ibm reported earnings missing on both the top and bottom line. doesn't happen very often, so let's go to nicole. she's on the floor of the new york stock exchange. >> reporter: right. so, obviously, not good news. sometimes they meet with one or beat with one and miss on the other. in this case, missing on the top and bottom line. let's break down the numbers. and, of course, ibm now is trading to the downside on this news. so ibm earnings per or share coming at $3, missing analyst estimates of $3.05. ibm's revenue coming in at $23.4 billion, that's the actual

missing the analyst estimates of $24.62 billion. other parts of the headline is one area where they saw declines and weakness, services and system sales decline. not good news there. this is a stock that closed at $207, and i saw a short time ago it was at 198 and change. so we're continuing to watch this dow component. the technology really has been beaten down. anything related to pcs and take a look here at ibm after hours. obviously, under severe pressure. liz: okay, thank you, nicole. guess what? the jcpenney chief operating officer has left the building. apparently, he has just gone. and i want to just quickly get you the details here. we see that his name is kramer, and in essence, his name is michael kramer. he's leaving the company. this in the wake of, of course, the firing of ron johnson, the relatively new ceo. the stock is down just slightly in the aftermarket session but barely, closed at 15.16, it's now at $15.11. david?

david: how the mighty have fallen. well, google and microsoftearnings out just moments ago. let's bring in tom forte to give us more insight into what's happening with google. now, we should mention straight on here, tom, that you have a price target of $870 for this stock. that's about a 12% increase from where it is right now. based on the earnings. are you still on with that price target? >> i tell you that our price target's based on a ten times enterprise down multiple. now, when i look at the numbers i see upside, and i see depending on what consensus numbers you look at upside on revenue, but there's two things that concern me. there's a 4% decline in the sequential, and it looks like motorola mobility is still a work in progress with a billion in revenue, we were looking for one and a half billion. liz: okay, motorola mobility, let's tackle that one first. that looks pretty lame to me. that's a huge hit the last time

around, and now they're bleeding still with this cash situation. wasn't this supposed to be something exciting and new to get those patents? is this google fumbling it? what's going on? can you give us any indication of what's really happening? >> all right. so the basic premise of spending $12.4 billion and buying motorola was for the intellectual property. they succeeded in that area. liz: okay. >> they did a good job with the settop boxes. now, they're in the midst of it'll take 12-18 months to turn around the hand set business. so i think that's going to be tough, but they really need another oem out there besides samsung on the android operating system. so i think this is an opportunity, but it's going to be challenging. david: all right. let's talk about the cost per click. obviously, they are down because of mobile ads. mobile ads pay less per click than when you have a pc, but as people aren't buying pcs as much as they used to, they're focusing on mobile ads, that means the revenue per click is down. how do you change that?

>> so, all right, so the companies that have unified pricing later in the year, mobile pricing and legacy, desktop, laptops will be at parity. that'll help. they've actually done a really good job managing this transition to the mobile internet from the desktop, laptop. i don't know what they can do. i think this is the future, and i think at some point investors will focus less on the pc performance. liz: can i get your thought on this google glass? could this be a real revenue changer, or is this something that just gives them sort of a flag to plant in territory that is unknown at the moment? and they just want to get in on that? >> it's definitely the latter. this really improves the coolness factor for google. you think about the buzz on the apple iwatch, then google came out with the ad for the google glass, and all that buzz went away. i look forward to getting my hands on one, but i don't think it's necessarily a needle mover for the stock. hidz liz okay.

david: tom, you cover apple as well as you look at that stock sink below $400 a share. is it a screaming buy, or would you be worried at this point? >> well, i think investor sentiment, obviously, is as negative as it's been in a long time, but i do think it's a buy. i think people mistake on apple going to the apple store and thinking the only thing they're going to see in two years is the next generation of current devices. i think apple's playing its cards close to its chest. there's a lot of innovation going on that we don't see -- david: by the way, i am a stockholder as well, so i've got to push back. do you think that we need to change at the top? do you think tim cook is just tried, add his chance and like mr. johnson over at jcpenney, it's time for him to go? >> no. actually, i think he's dope a very good job -- he's done a very good job. he's replacing steve jobs, so i think it's too early to suggest that he's going to step down. david: boy, mr. contrarian, tom forte. good to talk to you, tom, thanks very much. >> thank you. my pleasure.

liz: investigators continue their search for a suspect or maybe even two in this week's boston bombing. meanwhile, an arrest has been made in connection with those suspicious letters sent to capitol hill yesterday. we're louvre at the white house. david: also spring isn't going to just bring flowers. barclays says it will also bring a market swoon. it's happened the past three years. how do you protect yourself? well, by buying bond-like stocks. what are bond-like stocks? barry knapp, he's barclays head of u.s. equities portfolio strategy, one of the most entertaining people in the business, he is here next to tell us. ♪ ♪

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♪ . david: it is time for a quick speed read of some of the day's other headlines, five stories in a minute. first up toyota will start making lexus brand vehicles in the u.s. the automaker will make the lexus es model in its kentucky plant as early as 2015. amazon will debut 14 of its tv pilots. retailer let anyone in the u.s., u.k. or germany watch them for free to ask for viewer input. a supreme court judge rules that j.c. penny can sell martha stewart designed goods. jcpenney's has exclusive

designs tore bedding bath and table ware. they're refusing to sell advance on line tickets for "iron man 3" due to dispute how to split revenue. regular gal amc operate 12,000 screens on 8,000 locations. internet giant google says users may not resell, loan or transfer or give devices to another person. if the rule is broken, google reserves the right to deactivate the device. ouch. that is today's speed read [buzzer] liz: investigators are on the manhunt for person or persons responsible for the boston marathon bombings that occur odd monday. david: the president speaking at a service this morning to honor the victims of this horrific attack. rich edson live from the white house with the very latest. rich, go ahead. >> good afternoon, david and liz. the president arrived at the white house. that is his helicopter you can hear after full day spent in boston after

delivering remarks at a interfaith service vowing to bring justice to whoever is responsible for monday's bombing. he took a visit to massachusetts general hospital, met with volunteers, hospital staff, victims, victims families and is now back here at the white house. meanwhile on capitol hill today, his attorney general was testifying. he also address this investigation. >> i join every member of this subcommittee in expressing my deepest sympathies to the victims it of this cowardly terrorist act and to those who lost friends loved ones. i want to assure the citizens of boston and all americans are working tirelessly to determine who is responsible for this incident. >> the investigation in boston continues. fox news is reporting that the fbi is considering whether to reveal or release any post toes or video showing one, possibly two suspects and reportedly a video showing someone placing a device or bomb at one of the sites. also an update on the ricin investigation. with two letters sent, one to senator roger wicker and

one to president obama. both were intercepted. there is an arrest. paul kevin curtis according to the justice department. he was supposed to be in district court. he could face up to half a million dollars in fines, 15 years in prison if he is convicted. we're waiting for the latest fbi update. that comes 5:00 and we'll have it live. back to you. david: should have stuck to his elvis impersonations. thank you very much, rich. liz: thanks, rich. david: our next guest says the spring swoon hit the markets but there is a way to protect your portfolio from further losses. he will tell you how to do that yet. liz: six companies making their stock market debuts. three companies are pricing lower than expected. is this the start of a rougher second half of the year for ipos or will which see a comeback? we love to hear from you. you remember we talked about google glasses. google begins shipping them, google glass, this week. $1500 a pair. david: chief at half the

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for for the worst week in nearly a year. hey there's always tomorrow though telecom and energy were the top performering sectors while technology and health care were the laggards. look at natural gas rising to its highest level in 21 months following a smaller than expected weakly increase in supplies. supply goes down, demand up. glass climbed 19 cents. and the number of americans filing new applications for unemployment benefits rising slightly last week, climbing 4,000 to seasonally adjusted 352,000. the prior week's number was revised higher to show 2,000 or more applications were filed. david? david: warmer weather and blooming flowers. it may all feel good but may not bring growth for the market. the past three years stocks have seen a pullback for this spring season. our next guest says that has begun to happen already this year. you can protect the portfolio with bond-like

stocks. what does that mean? joining to us explain, barclay head of u.s. portfolio strategy, barry snap. thanks for coming in. look at economy and relation to the stock market. is the slow economy catching up to the stock market? is that what is happening now? >> oh, absolutely. this is the fourth consecutive year where we started out this idea this was the year we would achieve the he is louis sieve escape velocity. we describe that as 5% nominal gdp. something closer to 3% real. each of the last three quarters we were in -- so much into the weeds here. the point it hasn't grown. the economy hasn't grown as we thought it would? >> in reality we're 2% slower than previous cycles trend. the market not only priced a reasonably robust recovery in the u.s. as evidenced by a strong performance throughout last year and late last year of anything housing-related. so consumer stocks, consumer

discretionary stocks and financials but the market was also discounting a robust recovery in china, based on improvement for data late last year. david: that underestimate the effect of the tax hikes? >> no doubt about it. we have been underweight a negative on the home building and consumer discretionary dough mess i canly levered sectors for a couple reasons. one we thought the market was underestimating the tax effect as you alluded to. the second piece was the market was understilting the fact that the mortgage credit channel remains impaired. you see that in bank earnings this week. all the disappointment on the banking side has come on the mortgage channel. david: why bank of america got hit so hard. >> bank of america, jpmorgan, wells fargo. in essence this is a function of freddie and fannie as well as the fha still mispricing mortgage credit risk. and, there are still being unresolved issues in the banking system about capital requirements for basal 3 and

bank uncertainty. david: what about what we still have. you advise getting into bond-like stocks . what do you mean by that? >> well, in essence we've had this outperformance of the more defensive sectors but it is not so much that they're defensive. we're talking about stable cash flows, stable earnings, stable share prices and higher than average dividend yields. david: let me stop you right there. practically everybody says you want to get into dividend stocks. you're saying don't just look at the dividend. it has to have all the elements, stable cash flow and all the other elements? >> exactly. for example the dividend yields last four weeks have suddenly become attractive in the material sector. that is all the stuff leveraged to china. the share prices are fallen and dividends might be at risk. we're talking about with companies with very stable businesses that do have bond-like characteristics throughout the company. this is largely a function of fed policy. the portfolio balance channel while it hasn't done a heck of a lot for real

macroeconomic growth has certainly made the bond market more expensive. david: you talk about bond-like charactertics, the main characteristic of bonds they're stable. they're like fixed income instruments. how can a stock act like that with the markets going way up and down? >> well it is a pretty fair question but in essence that's why we look for more stable share prices, more stable businesses because their betas or volatility with respect to the overall market is lower. and when the yield pick up of say a pharmaceutical company's dividend yield is actually way above its corporate bond yield, then you can get some yield pickup by --. david: they're giving me a wrap. one last question. what happens when the fed turns off the spigot? we heard the imf today, saying perhaps central banks all around the world gone too far with money printing. what happens here with our stock market when the fed finally turns down the spigot? >> every fed policy

normalization policy has roughly a 10% correction. this undoubtedly will end the time of stocks with bond-like charactertics. this was true during the last financial recession period in the late '40s and '50s and likely true this time. david: barry, thanks very much. we appreciate it. liz? liz: ipos, initial public offerings were down in the first quarter of this year but momentum seems to be picking up. six companies hitting the market this week. how did they do and is the start of a healthier ipo market coming whack? david: also is your favorite be about to get a new look? what beer giant is changing its shape. why that is making some of you out there four wrus. -- furious. we went out and asked people a simple question:

how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪

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your fox business brief. a small rise in jobless claims and lackluster earnings at morgan stanley and other firms sent stocks down again with the major averages on track to have their worst week this year. at the closing bell the dow is down 81 points at 14,537. but investors are feasting on chipolte in after-hours trading. the mcdonald's spin-off beating earnings estimates handily at $2.45 a share, 32 cents higher than forecast. revenue also topping expectations. chipolte up 6% after the close. google and microsoft up after-hours on earnings reports. troubles continue for struggling retailer jcpenney. the company says its chief operating officer, michael cramer quit yesterday. as a parting gift, the cash-poor company will pay him a lump sum of $2.1 million. that is the latest from the fox business network, giving you the power to prosper.

liz: people get all get irry

ayed about ip offs, initial public offerings. this quarter 31 companies went public. down 44 from the same time last year. but six companies ipo'd just this week and a mixed bag of results so far. still more to come tomorrow but what can investors expect in the ipo market? joining us investor place right playbook editor. tom, people do like ipos. it is a chance to get in on a new name that may be fresh or cheap right now or not. let's get your sense of the first quarter and whether you see this picking up or slowing down in the second quarter? >> yeah. i mean the number of ipos have come down for the first quarter but the amount raised has gone up. and actually we've had really good returns this year so far. so we're all about returns and getting, you know, good, good profits. so i think that's the main thing for investors. the quality is very high and, you know, really good companies coming to the market right now. liz: let's talk about the

returns. some of the names that have gone public. rally software, taylor morrison, they're all up anywhere from 6% to 29.8% for temeic. you say, not bad. here on the screen are ipos as least this week alone. first or second day, different story. a couple did not do well. intelsat, taminco. what do you think is going on with the fresher crop. >> definitely a terrible day and a terrible week for the markets. we've had two bad days with heavy amounts of down volume in the general markets. whenever there is a big downdraft in the market, when ever the ipo market or the regular market sneezes, the ipo market gets pneumonia. that is the way it is. it is hypersensitive. i think a big part is the general market sentiment which is very bad. you know, we're probably overdue for some type of correction. if we do go down 10% in the

correction --. liz: you're saying it is a little irrational? you're saying it is a little irrational? >> well, yeah, ipos are already irrational. we're talking about the next big thing, talking about cool companies, newfangled things. we're always talking about sensitivity here but that is where opportunities are for investors if you get good valuations. liz: okay. we have on our screens the headwinds that face ipos. the bar is set very high. there is market volatility. always economic concerns around the world. but i look at this and say, is there ever a good time for companies to go public? so they're pretty gutsy if they're coming out right now with a lot of gigantic question marks over their head. fairway, fairway market did nicely. people are comparing them in a way to while foods. how do you see this company? >> this is really good strong indication here. the company that did extremely well in a tough market and continues to do well. i think it is, a big growth story here. you have, like the association with whole

foods. this is a market that is not going to go down the drain because the economy goes down. there is a lot of rich people in our country. there is big opportunities to expand. this is only based in new york city. with the ipo money. liz: new jersey as well. >> exactly. exactly. there is lot here. liz: get a comment from you about seaworld. seaworld supposedly pricing sometime this evening. we have the ceo tomorrow. so we'll be hearing about what they can really offer. but why now for seaworld? >> yeah. everyone is calling it a whale of a deal. so aside from the pun, the fact is this is a great brand it is predictable. going into the summer season. people want to go on vacation. seaworld is a great place to go. the company has tremendous amount of cash flow. that will continue for some time. six flags and other companies in this sector have been done extremely well in the past year. investors are chomping at the bit for this one. this is pretty good ipo unless the market falls

tomorrow. liz: by the way, a lot of new ipos are offering something only old stalwarts offered, that is dividend, a quick topic if you could about dividends at ipos. >> a lot of these companies generate lots of cash flow and they want to attract investors. we're in a zero yield environment. if you provide a little extra, investors are really happy about that. liz: good to see you tom. speaking about ipos and talking about, that i will speak with the ceo of seaworld as i mentioned that is tomorrow on the "countdown to the closing bell". that is -- the closing bell. maybe? james atchison. we'll have him. david: you like fairway? liz: i do. you know why? because the cheese is so much less than at whole foods. david: been years since i eat cheese. some the workers that say you pay your taxes are scramming the system and stealing your tax dollars. the details of this story are going to make you

furious. might want to get the kid out of the room. that is next. liz: google starting to distribute pricey brand new internet connected glasses called google glass. we want to know if you would fork over $1500 a pair? log on to facebook.co facebook.com/afterthebell. tell us what you think. we'll read your comments later this hour. ♪ .

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liz: you're going to hate this. dozens of irs workers charged with allegedly stealing government benefits, the very same workers who were supposed to protect the system. david: makes you mad, doesn't it? liz macdonald. wait until you hear the details. she has got them for you. you've been following the tax system for a long time. this is an incredible story. >> good to be with you, liz and david. two dozen irs workers found in tennessee to be fully employed by the irs but they were getting food stamps, but they were getting welfare vouchers. we have a statement. we talked to the u.s. attorney on the case. here is what he said, ed stanton. irs employees brazenly stealing from law-abiding american taxpayers. we have another district attorney talking to us say

they're freeloaders gaming the system. this is doubly frustrating because they're bilging government money and basically, we expect better frond an irs agent. they're supposed to be protecting the system. this is why this has national implications. some workers were furloughed and budget cuts and sequestration. they get furloughed. but get the benefits. when they get rehired they continue to apply for the same government benefits that they're not entitled to. 13 workers charged with lying. they face five years each in prison. big stories. david: we should mention. it is not all of them but a small minority of workers but for any to do that it gets you mad. liz: glad we caught them. fraud and waste. thanks very much, liz macdonald. >> sure. david: coming up right here, talk about bling, a rare gem becomes the most second most expensive jewel sold at auction. how much did it cost, liz? liz: i don't know. david: you didn't buy it?

liz: i wish. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro.

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@care for your partial. but i see a world bursting with opportunity,ople nervous. with ideas, with ambition. 'm thinking about china, brazil, india. the world's a big place. i want to be a part of it. ishares international etfs. emerging markets and single countries. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes instment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible lo of principal. liz: let's go off the desks. a rare pink diamond, $9.3 million. -- 39.3 million. the 6.45 carat second highest expensive jewel sold at auction was a record for christie's. this was discovered 300 years ago in congo mines in

india. it once belonged to an indian prince. david: pink is the most expensive. liz: yeah. that is really world. david: i like gold. off the desk, the king of beer getting a new look. they give her the diamonds. they give me the beer. budweiser releasing a new can. it will be shaped like a bow tie. looks like somebody squeezed middle of it. they say quote, it is not like anything you have ever seen before. it reply indicates the logo and aims to replicate the brand. the can holds 11.3 ounces of beer compared to the traditional 12 ounces. they made a little on this move. the new look will hit store shelves an may 6th. liz: you can grip it. we asked you on facebook and twitter if you would spend $1500 for a pair of google futuristic glasses? so, gene on facebook said, hell no! they will be